Tax rates
Rates you can apply to a line. Changing a rate never alters invoices already issued.
Tax rates
| Actions | |||||
|---|---|---|---|---|---|
| Standard | 8.25% | Sales and purchases | 2100 Sales tax payable | Default |
|
| Reduced | 4.00% | Sales only | 2100 Sales tax payable | Active |
|
| Zero rated | 0.00% | Sales and purchases | — | Active |
|
| Exempt | 0.00% | Sales only | — | Active |
|
| Legacy 7.75% | 7.75% | Sales only | 2100 Sales tax payable | Archived |
|
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